Ready Reckoner 200102 Mumbai Page

The latest revision for the 2025-26 fiscal year saw a general status quo or negligible increase in Mumbai, contrasting with sharper hikes in other parts of Maharashtra.

Mumbai's administrative zones and ward divisions have evolved. A sub-zone code used in 2001 may not correspond to the same boundary code used today.

The Ready Reckoner rate, officially known as the , is the official register of minimum property values published by the Department of Registration and Stamps, Government of Maharashtra. ready reckoner 200102 mumbai

Rates were calculated based on the built-up area; if only the carpet area was known, standard multiplier factors (typically 1.2) were applied.

Let’s assume you are buying a 1,000 sq. ft. (approx 93 sq m) flat in Lokhandwala Complex, Malad West, where the RR rate is ₹1,30,000 per sq m. The latest revision for the 2025-26 fiscal year

In 2001–02, Mumbai's real estate landscape was vastly different from today. The market was categorized into three primary administrative zones, each maintaining its own distinct set of Ready Reckoner tables:

Currently, a single, broad rate often applies to an entire locality. This has led to discrepancies where owners of modest homes in chawls or redeveloped slums are forced to pay stamp duty at the same rate as luxury high-rises in the same vicinity. Micro-zoning aims to subdivide larger areas into smaller, more precise zones using geographic information systems (GIS). This will allow the government to set rates that more accurately reflect the true economic conditions and property type of each specific pocket, bringing much-needed fairness to the system. The Ready Reckoner rate, officially known as the

: Rates for land in this area range from approximately ₹40,000 to ₹124,700 per square meter .

The higher of the actual transaction value or the RR rate determines the stamp duty.